$1,190,398

Best location for an investment in Katernberg!This attractive residential building with five residential units, a large garden plot and six parking spaces is located in a very popular and quiet residential area of Elberfeld in the district of Katernberg, below Westfalenweg.With the best building fabric and fittings in a location in which there are few alternative offers, this secure investment offers great potential. The very well-maintained condition, which is due to the owner-managed property and the fact that all residential units have their own entrance, should be emphasized.The original house, which is located at the rear of the property, was built in 1993, has two residential units and is oriented towards the garden, facing south-east. Both apartments, the lower one with direct access to the garden, each have a living space of approx. 100 m².In 2008, the property was extended by three further apartments facing the street. A residential unit with approx. 120 m² of living space and a large terrace was created on the first floor. On the floors above are two maisonettes, each with two balconies, one with approx. 95 m² and one with 92 m² of living space. The residential building has been continuously maintained so that it is in top condition today!Due to the popular location, the apartments are in high demand and therefore let quickly. The tenant structure is very homogeneous and pleasant and there is a good, neighborly atmosphere.The investment offer in this quality of furnishings and the sought-after residential location offers excellent potential. The current rental income from five rented apartments and six parking spaces amounts to € 45,516 net-cold p.a.We will be happy to send you further documents and a current rental statement on request.

Amenities

• Bedrooms: 0
• Full Bathrooms: 6
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 5,489 ft² / 509.94 m²
• MLS: 24063029
• Web ID: FE2EVD
• Status: Available